Walter Meier AG announced that in order to focus entirely on the challenges of being a new co-owner of the Machining Solutions business, Jochen Nutz will not stand for re-election to the Board of Directors at the Annual Shareholders' Meeting on March 23, 2016, and will therefore also step down as Delegate of the Board of Directors. As of that date, the Head of Group Division Climate, Martin Kaufmann, will take over as Executive Head of the Group. At the same time, Matthias Ryser, currently Financial Head of the Climate business, will become the new CFO and appointed as member of management.